Payroll Post Notes: Update Compensation Types with Ease

Do you have employees receiving pay raises or do you need to update benefits and deductions? Don't go through the process of first changing the existing record to inactive and then adding a new record, trying to remember the options selected on the original record; do it all at once using the Change Compensation Wizard. This wizard allows you to copy and update an existing pay type, benefit, or deduction while replacing the existing record. 

Before we continue, I should let you know exactly what happens when you use this handy dandy wizard. The existing compensation type will be expired on the date of your choosing and the new updated compensation type will be automatically added to the employee record. Nothing too complicated, but I wanted to let you know that both compensation records will remain on the record as a paper trail.

Here's how to use the Change Compensation Wizard:

1. In Records, Employees, open the employee record.
2. Select the Compensation/Deductions tab.
3. Click Change Compensation.
4. In the Change Compensation Wizard, select Copy Existing [compensation type].
5. In the ID field, click the binoculars and select a compensation type to copy.
   Note: You must select a compensation type currently assigned to the employee.
6. Mark the Expire this [compensation type] checkbox and enter an effective end date.
7. Mark the Increase/Decrease [compensation type] using checkbox and enter an amount.
   Note: To increase the [compensation type], enter a positive number. To decrease the benefit, enter a negative number.
8. Click OK.

The new compensation type will become effective the day after the existing compensation type expires.

Enjoy your extra time and talk to you soon!